Market Update: AT&T Inc (NYSE:T) – Why Is AT&T Interested In Yahoo’s Internet Assets?

[at Forbes] – AT&T has reportedly made a bid for Yahoo’s core Internet assets, challenging key rival Verizon which has thus far been seen as the front-runner in the auction. Below we take a look at a few possible reasons why AT&T might be interested in Yahoo’s business (related: Verizon Is Preparing To Read more on this. AT&T, Inc. (T) , valued at $238.84B, started the session at $38.83. A quick look at the market, the company’s stock traded between $38.60 and $38.90 and has traded between $30.97 and $39.72 over the past 12 months. AT&T (T) shares are currently priced at 13.58x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.72x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.92 per share annually in dividends, yielding 4.99%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.86 which would be a $0.15 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.75 Billion. If reported, that would be a 23.41% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $39.57, which is 1.91% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): SigFox ‘Internet of Things’ Plan Challenges AT&T, Verizon, T-Mobile Company Update (NYSE:T): AT&T Enhances Home Internet Experience Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle